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Main » 2018 » July » 24 » Forex Market Overview and Forecast 07/24/2018
Forex Market Overview and Forecast 07/24/2018

EURUSD pair past 24 hours corrected to the level of 1.1717 to 1.1677, t. E. About 40 pips. I remind you that yesterday there was no important macroeconomic as well as important economic events that could significantly affect the course "major" currency pairs. It can be assumed that financial participants will take a wait and see attitude before the meeting of the monetary policy of the European Central Bank, which will be held at Thursday, July 26, so radical changes in the "major" currency pairs in the next 2 days, I do not expect.



Today will be published very useful for trading the currency market leading indicators for the euro area, the UK and the US:

At 11:00 (GMT + 3) will be published index PMI Markit in the manufacturing and services sectors in the euro area in July.

At 13:00 (GMT + 3) CBI will publish a report on changes in the volume of industrial orders in the UK in July.

At 16:45 (GMT + 3) will be published index PMI Markit manufacturing sector and the US service sector in July.


Eur usd EURUSD forecast for today:


On the hourly timeframe (H1) chart of the EURUSD tries to return to the limits of the potential downtrend:


On H1 timeframe in pair EURUSD «bearish" sentiment, although it weakened - still persists. This is evidenced by the fact that the last vertex ( "Max 2" on the chart) could not update the previous top ( "MAX 1" on the chart). So I guess the pressure on the euro from the dollar will continue. Even if the euro suddenly begin to grow against the dollar, I believe that a solid resistance level for the pair EURUSD will mark - 1.1824.


Forex forecast Vesselin Petkov Analyst Alpari


Views: 13 | Added by: mik | Tags: eurusd forecast, technical analysis, the forecast for today eurusd, the euro dolla, statistics, forecasts the euro dollar, forex forecast eurusd | Rating: 0.0/0
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